Collectors love money so much that they'll pay tons of money to obtain it.
A dime made in 1873, which obviously was worth ten cents back then, was sold for $1.6 million at a Philadelphia auction Thursday. After a buyer's fee was added, the final cost was $1.84 million.
It sounds crazy to trade nearly two million dollars for ten cents. Isn't the buyer getting robbed?
Money may not grow on trees, but it does grow old, which can significantly increase its value if kept in excellent condition.
Also, specific details that make the money rare will increase value. The 1873-CC "No Arrows" Liberty Seated dime is part of the Battle Born Collection, which contained one of every coin struck in Carson City, Nevada before the mint there closed in 1893.
All 111 pieces were sold, raising a total of nearly $10 million.
The next time you come across some old or odd-looking money, think twice before getting rid of it. You may have more money in your hands than you realize.
via Fox News